Flinton Capital Management LLC lifted its holdings in shares of ON Semiconductor Corp (NASDAQ:ON) by 155.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 345,066 shares of the semiconductor company’s stock after buying an additional 210,222 shares during the period. Flinton Capital Management LLC’s holdings in ON Semiconductor were worth $7,226,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in ON Semiconductor in the 4th quarter valued at about $101,000. Fuller & Thaler Asset Management Inc. acquired a new stake in ON Semiconductor in the 4th quarter valued at about $174,000. Premia Global Advisors LLC acquired a new stake in ON Semiconductor in the 4th quarter valued at about $200,000. American International Group Inc. acquired a new stake in ON Semiconductor in the 4th quarter valued at about $206,000. Finally, Prospera Financial Services Inc acquired a new stake in ON Semiconductor in the 4th quarter valued at about $224,000. Institutional investors own 97.13% of the company’s stock.
In other news, VP Paul E. Rolls sold 16,899 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $21.03, for a total transaction of $355,385.97. Following the transaction, the vice president now directly owns 305,807 shares of the company’s stock, valued at $6,431,121.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP George H. Cave sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $22.85, for a total transaction of $68,550.00. Following the transaction, the executive vice president now directly owns 394,570 shares in the company, valued at $9,015,924.50. The disclosure for this sale can be found here. Insiders have sold 115,195 shares of company stock worth $2,675,075 over the last ninety days. Insiders own 1.40% of the company’s stock.
Several equities research analysts recently issued reports on ON shares. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of ON Semiconductor in a research note on Tuesday, December 19th. BidaskClub downgraded shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Vetr upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 target price for the company in a research note on Monday, January 22nd. ValuEngine cut shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Zacks Investment Research cut shares of ON Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $24.09.
ON Semiconductor Corp (NASDAQ:ON) opened at $26.10 on Wednesday. ON Semiconductor Corp has a fifty-two week low of $13.65 and a fifty-two week high of $27.10. The company has a market cap of $11,401.81, a P/E ratio of 13.91, a PEG ratio of 1.26 and a beta of 2.03. The company has a current ratio of 2.08, a quick ratio of 1.31 and a debt-to-equity ratio of 0.97.
ON Semiconductor (NASDAQ:ON) last announced its earnings results on Friday, February 2nd. The semiconductor company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. ON Semiconductor had a net margin of 14.63% and a return on equity of 21.88%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the firm earned $0.29 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. research analysts predict that ON Semiconductor Corp will post 1.73 EPS for the current fiscal year.
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About ON Semiconductor
ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.
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